Listing by: Scott Norberg, Vylla Home, Inc.

7 Beds

7 Baths

2,703 SqFt

Active

Amazing Triplex with Expansion Potential in Lemon Grove! (INVESTORS!!! - This is a 6.84% Cap Rate!!!) This beautifully renovated triplex is a rare find, offering both immediate rental income and future development possibilities. Each of the three fully self-contained units is turnkey and ready for occupancy, making this property perfect for investors or multi-generational living. Unit 1 is a spacious 1,527 sq. ft. home featuring 4 bedrooms, 2.5 bathrooms, a cozy fireplace, and a laundry room. Unit 2 is an 845 sq. ft. unit with 2 bedrooms, 2 bathrooms, a fireplace, laundry, and brand-new kitchen appliances. Unit 3 is a 331 sq. ft. studio with a gas range, refrigerator, and microwave, perfect for rental or guest use. One of the key highlights of this property is its pre-plumbed, pre-wired, and sewered additional RV spaces—offering a unique opportunity to expand or add value. With the infrastructure already in place, you can easily enhance the property’s income potential. Enjoy a fenced-in inground pool for privacy and relaxation, with a convenient pool bath included. Located on a hill with great views, this property is a prime investment. Whether you're looking for a rental income machine or a flexible living arrangement, this triplex has it all! Please also note the following items: 1) All offers must be submitted by the buyer's agent via PropOffers (Contact Listing Agent for instructions/questions) 2) The buyer's agent will be responsible for a $150 fee at the time of closing, for the use of PropOffers. 3) Buyer to do their own due diligence. All recent work was permitted.

Property Details
Price $1,499,900
Bedrooms 7
Full Baths 5
Half Baths 2
Total Baths 7
Property Style Traditional
Lot Size 64x210
Lot Size Area 13696
Lot Size Area Units Square Feet
Acres 0.3144
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 2
Year Built 1966
Subdivision Lemon Grove
View Mountain(s)
Roof Composition,Shingle
Heating Electric,Forced Air
Laundry Features Electric Dryer Hookup,Washer Hookup,Gas & Electric Dryer Hookup,Individual Room,Inside
Pool features In Ground,Private,Fenced,Pool Cover
Parking Description Driveway,Other
Parking Spaces 13
Garage spaces 0
Geographic Data
Directions From State Route 125, head east on Jamacha Rd. Turn left heading north on Sweetwater Rd for 0.7 miles. Turn left onto Blossum Lane. Take Blossum Lane 0.5 miles to Washington St. Turn Right on Washington St heading north for 0.1 miles. 1908 Washington St is on your left. Cross Street: Alton Dr.
County San Diego
Latitude 32.72620333
Longitude -117.02374459
Market Area 91945 - Lemon Grove
Address Information
Address 1908 Washington St, Lemon Grove, CA 91945
Postal Code 91945
City Lemon Grove
State CA
Country United States
Listing Information
Listing Office Vylla Home, Inc.
Listing Agent Scott Norberg
Virtual Tour URL https://www.propertypanorama.com/instaview/snd/240023365
MLS Information
Days on market 55
MLS Status Active
Listing Date Oct 2, 2024
Listing Last Modified Nov 26, 2024
Tax ID 5771412700
MLS Area 91945 - Lemon Grove
MLS # 240023365SD

This information is believed to be accurate, but without any warranty.
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